Look out Seniors, your in trouble if John Kerry is elected!
Social Security Reform is on the way and Seniors will loose!!!
Cost Of Doing Nothing: $10 Trillion.
Sen. Kerry does not address the $10 trillion funding gap in Social Security. "
[T]he remaining long run financing gap that program reforms must ultimately close is $10.4 trillion in present value."
(Social Security Administration Website, "2004 OASDI Trustees Report," www.ssa.gov...
John Kerry's Plan: "Ignore It And Hope The Problem Will Go Away."
"Sen. John Kerry has said he won't consider personal investment accounts, raising the retirement age or cutting benefits.
So far, his answer has been to talk about the need for economic growth. In other words, ignore it and hope the problem will go away."
(Matt Moore, Op-Ed, "SOCIAL SECURITY: Bush's Reform Plan Bests His Opponent's No-Plan Approach," St. Louis Post Dispatch, 10/17/04)
"Kerry Has Not Laid Out A Clear Path To Solvency For Social Security And Medicare."
(Janet Hook, "Major Fiscal Worries Not On Anyone's Agenda," Los Angeles Times, 7/27/04)
Magazine Said "No Serious Economist" Believes Kerry Solution Will Work.
"In 1996, Senator Kerry argued that America needed to consider bold options in pensions reform, including raising the retirement age and
means-testing pension benefits.
Now he rejects that position, claiming economic growth will fix America's pension problem. ... No serious economist believes such a blasť approach
will work."("The Problem With Kerrynomics," The Economist, 5/1/04)
[edit on 26-10-2004 by Banshee]